Amazon.com, Inc. (NASDAQ:AMZN) Holdings Lowered by First Trust Advisors LP
First Trust Advisors LP trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 7.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 430,381 shares of the e-commerce giant’s stock after selling 33,588 shares during the period. Amazon.com comprises about 2.2% of First Trust Advisors LP’s investment portfolio, making the stock its biggest position. First Trust Advisors LP owned about 0.09% of Amazon.com worth $1,355,154,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in AMZN. Bank of New York Mellon Corp lifted its position in shares of Amazon.com by 18.5% in the second quarter. Bank of New York Mellon Corp now owns 4,516,147 shares of the e-commerce giant’s stock worth $12,459,236,000 after buying an additional 704,255 shares in the last quarter. Softbank Group Corp purchased a new stake in shares of Amazon.com in the second quarter worth about $1,044,131,000. Nordea Investment Management AB raised its position in Amazon.com by 97.3% during the second quarter. Nordea Investment Management AB now owns 684,666 shares of the e-commerce giant’s stock valued at $1,858,320,000 after purchasing an additional 337,591 shares during the period. FMR LLC raised its position in Amazon.com by 1.3% during the second quarter. FMR LLC now owns 16,051,633 shares of the e-commerce giant’s stock valued at $44,283,569,000 after purchasing an additional 212,006 shares during the period. Finally, CIBC Private Wealth Group LLC raised its position in Amazon.com by 49.7% during the third quarter. CIBC Private Wealth Group LLC now owns 571,017 shares of the e-commerce giant’s stock valued at $1,795,877,000 after purchasing an additional 189,453 shares during the period. Institutional investors and hedge funds own 52.82% of the company’s stock.
AMZN has been the topic of a number of recent research reports. Credit Suisse Group restated a “buy” rating on shares of Amazon.com in a research report on Monday, November 2nd. Wedbush upped their price objective on Amazon.com from $3,700.00 to $3,900.00 in a research report on Friday, October 30th. MKM Partners upped their price objective on Amazon.com from $3,650.00 to $3,750.00 in a research report on Friday, October 30th. Raymond James upped their target price on Amazon.com from $2,525.00 to $3,500.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Amazon.com from $4,000.00 to $4,050.00 and gave the company a “buy” rating in a research note on Tuesday, October 27th. Four research analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $3,580.13.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Tuesday, November 3rd. The e-commerce giant reported $12.37 earnings per share for the quarter, topping the consensus estimate of $7.41 by $4.96. The company had revenue of $96.15 billion for the quarter, compared to the consensus estimate of $92.56 billion. Amazon.com had a return on equity of 24.49% and a net margin of 4.99%. The firm’s revenue for the quarter was up 37.4% compared to the same quarter last year. During the same period last year, the firm earned $4.23 EPS. As a group, equities research analysts expect that Amazon.com, Inc. will post 33.77 earnings per share for the current year.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 750 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $3,304.28, for a total transaction of $2,478,210.00. Following the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $33,042,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 6,945 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $3,061.74, for a total value of $21,263,784.30. Following the sale, the chief executive officer now directly owns 82,599 shares in the company, valued at $252,896,662.26. The disclosure for this sale can be found here. Insiders have sold a total of 12,441 shares of company stock worth $38,485,392 over the last ninety days. 16.10% of the stock is owned by insiders.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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